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S&P Revises Outlook on JCP to "Stable"

J.C. Penney Company, Inc. (NYSE:JCP) is experiencing a rally this morning due in large part by revised outlook release yesterday by the rating agency Standard & Poor’s. The rating agency revised its outlook on JCP from negative to stable. According to the S&P, JCP’s performance is finally beginning to stabilize and there is no longer an immediate liquidity problem with the retailer. S&P is also forecasting gains for JCP over the next 12 months.